Bank of America cut shares of Royal Bank of Scotland Group (NYSE:RBS) from a neutral rating to an underperform rating in a report published on Tuesday morning, MarketBeat.com reports.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Royal Bank of Scotland Group from a hold rating to a buy rating and set a $8.25 price target for the company in a report on Friday, September 29th. Jefferies Group upgraded Royal Bank of Scotland Group from a hold rating to a buy rating in a research note on Wednesday, September 27th. Sanford C. Bernstein cut Royal Bank of Scotland Group from an outperform rating to a market perform rating in a research note on Tuesday, January 2nd. Macquarie cut Royal Bank of Scotland Group from an outperform rating to a neutral rating in a research note on Wednesday, November 29th. Finally, Citigroup upgraded Royal Bank of Scotland Group from a sell rating to a neutral rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $8.25.

Shares of Royal Bank of Scotland Group (NYSE:RBS) traded down $0.14 during midday trading on Tuesday, reaching $8.30. The company’s stock had a trading volume of 1,338,400 shares, compared to its average volume of 798,690. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $49,520.00, a P/E ratio of -11.37 and a beta of 1.13. Royal Bank of Scotland Group has a fifty-two week low of $5.38 and a fifty-two week high of $8.44.

Royal Bank of Scotland Group (NYSE:RBS) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.19 billion. Royal Bank of Scotland Group had a positive return on equity of 7.75% and a negative net margin of 17.46%. analysts expect that Royal Bank of Scotland Group will post 0.7 EPS for the current year.

Large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Royal Bank of Scotland Group in the second quarter worth about $102,000. Institute for Wealth Management LLC. purchased a new position in shares of Royal Bank of Scotland Group in the second quarter worth about $103,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Royal Bank of Scotland Group in the second quarter worth about $117,000. Quantbot Technologies LP raised its stake in shares of Royal Bank of Scotland Group by 109.5% in the second quarter. Quantbot Technologies LP now owns 26,025 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 13,600 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC purchased a new position in shares of Royal Bank of Scotland Group in the second quarter worth about $180,000. Hedge funds and other institutional investors own 0.47% of the company’s stock.

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Royal Bank of Scotland Group Company Profile

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

Analyst Recommendations for Royal Bank of Scotland Group (NYSE:RBS)

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